Yuga Labs: Greg Solano Returns as CEO, Promising a Cryptonative Future
In a major shake-up at Yuga Labs, co-founder Greg Solano, also known as Crypto Garga, has taken over as CEO, succeeding Daniel Alegre, the former CEO of Activision Blizzard who took the reins in January of this year after Nicole Muniz. Solano expresses his enthusiasm for leading the company in its next chapter, emphasizing a realignment towards a more cryptonative strategy.
Innovation and Reorganization
As part of this new direction, Yuga Labs has formed BAYC LLC, a subsidiary dedicated exclusively to the Bored Ape Yacht Club (BAYC), further solidifying its commitment to one of the company’s flagship projects after a period of disappointments for its community.
Solano plans to unleash the potential of the BAYC team, mentioning that while the team is already composed of talented members, there are still key roles to be filled. Additionally, there will be a greater emphasis on communications surrounding Otherside, envisioned as the default space for Web3 communities’ interactions and entertainment.
New Perspectives and Focus
Under Alegre’s leadership, Yuga Labs underwent a restructuring, including layoffs in the United States last October, while maintaining a workforce of over 120 employees.
Greg Solano reiterates the importance of the Metaverse Otherside in Yuga’s strategy, seeing every digital connection as a building block for Otherside’s evolution.
